Throughout the course of every life, there are countless changes. Some, of course, are more major than others. These major changes not only alter the way you live your everyday life, but they can also call for an updating of any existing life insurance policies. Below are a few significant life events that should inspire changes to your life insurance.

When Do You Need to Reexamine a Life Insurance Policy?

1. You Have New Family Members

If you're planning to get married, make a life insurance update part of your preparations. Including a new spouse ensures they are financially protected if you were to pass away. Conversely, if you are divorced, check that your former spouse is removed from any life insurance policies. The birth or adoption of a new child or grandchild is another family change that often requires life insurance alterations.

2. You Changed Jobs

One of the primary goals of life insurance is to guarantee that beneficiaries or dependents maintain the same or similar income levels after your death as they had when you were alive. If an individual has received a promotion or started their own business, their income levels will sometimes increase significantly. In this case, be sure to raise the limit on your life insurance now so there is little, if any, discrepancy in pre- and post-death income amounts for your loved ones.

3. You've Gotten Healthier

Many life insurance providers offer discounts for people who have been proactive in bettering their health. For example, if you've stopped smoking or lost a substantial amount of weight, your risk as an insured person lowers—and a consequence of this is a lowering of life insurance rates. Bear in mind that you may have to have other verifiable evidence of health improvements along with quitting smoking or losing weight, such as healthier cholesterol levels or lower blood pressure.

Stringer Insurance Agency offers a variety of life insurance options to meet your goals and the needs of your loved ones. Since 1931, they have been serving the Lumpkin County, GA, region. In addition to life insurance, they provide home, health, vehicle, and business policies. Call (706) 864-3515 or visit them online to request an insurance quote.